{"id":126903,"date":"2025-04-10T16:16:19","date_gmt":"2025-04-10T16:16:19","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126903"},"modified":"2025-04-10T16:16:19","modified_gmt":"2025-04-10T16:16:19","slug":"bitcoin-stocks-shun-cpi-print-win-and-give-up-tariff-relief-gains-will-btc-whales-save-the-day","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126903","title":{"rendered":"Bitcoin, stocks shun CPI print win and give up tariff relief gains \u2014 Will BTC whales save the day?"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) price failed to hold its weekly open gains on April 10 as US stocks ignored positive inflation data.BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView
\nData from Cointelegraph Markets Pro and TradingView showed BTC price volatility ticking higher around the release of the March Consumer Price Index (CPI) numbers.
\nThese numbers came in broadly below expectations, revealing slowing inflationary forces despite mass-market disruption due to US trade tariffs.
\nAn official press release from the US Bureau of Labor Statistics (BLS) stated:
\n\u201cThe all items index rose 2.4 percent for the 12 months ending March, after rising 2.8 percent over the 12 months ending February. The all items less food and energy index rose 2.8 percent over the last 12 months, the smallest 12-month increase since March 2021.\u201d
\nUS CPI 12-month % change. Source: BLSWhile notionally a tailwind for risk assets, US stocks were in no mood for relief at the open. The S&P 500 and Nasdaq Composite Index were down 3% and 3.7%, respectively, at the time of writing.
\n\u201cMarkets think the recently strong jobs report and cool inflation data gives Trump the \u2018green light\u2019 to continue the trade war,\u201d trading resource The Kobeissi Letter suggested in part of a response on X.
\nKobeissi nonetheless acknowledged the implications of rapidly declining inflation \u2014\u00a0something which tariffs had yet to influence.
\n\u201cThis marks the lowest Core CPI inflation rate in 4 years,\u201d it continued in a separate X thread.\u00a0
\n\u201cIt also puts Headline CPI inflation just 40 basis points above the Fed’s 2% target. Inflation is down 60 basis points over the last 3 months alone.\u201d
\nBTC price rebound may rest with \u201dSpoofy the Whale\u201d
\nTurning to BTC price action, market participants were in a wait-and-see mode after the US paused the majority of its tariff implementations for 90 days.
\nRelated: Crypto trading firm warns of ‘classic bull trap’ as Bitcoin tags $82.7K
\nFor popular trader Daan Crypto Trades, a reclaim of at least $83,000 was necessary as an initial step for bulls.
\n\u201c$BTC Saw a strong move after the tariff pause was announced,\u201d he told X followers.
\n\u201cWhere BTC was more resilient on the downside, we saw equities pump more on the back of this pause (which makes sense as those are directly influenced by the tariffs).\u201d
\nAn accompanying chart showed nearby key trend lines around the spot price.
\n\u201cBTC traded right back into the 4H 200MA (Purple) which has capped price over the past couple of weeks. That $83-85K is a key level to overtake for the bulls,\u201d he continued.
\n\u201cRight below we can see the ~$81.1K horizontal being a key level that sees quite a lot of action. I think it’s a good one to watch in the short term. Trading below that area could turn this into a nasty deviation\/stop hunt.\u201d
\nBTC\/USDT perpetual swaps 4-hour chart. Source: Daan Crypto Trades\/XAnalyzing order book liquidity, Keith Alan, co-founder of trading resource Material Indicators, drew attention to both the 21-day and 50-day simple moving averages (SMA) on the daily chart.
\n\u201cFirst attempt at breaking resistance at the 21-Day MA was rejected, however BTC bid liquidity is moving higher so I think we\u2019ll see another attempt,\u201d he summarized earlier on the day.\u00a0
\n\u201cIf bulls can R\/S Flip the 21-Day, there is even stronger resistance where liquidity is stacked around the trend line and the 50-Day MA.\u201d
\nBTC\/USD 1-day chart with 21, 50 SMA. Source: Cointelegraph\/TradingViewAlan reiterated the role of large-volume traders shifting liquidity above and below Bitcoin\u2019s spot price to influence price action. The actions of one entity in particular, which he previously dubbed \u201cSpoofy the Whale,\u201d remained a point of consideration.
\n\u201cIf \u2018Spoofy\u2019 will give us a roof pull, we\u2019ll get a shot at the 100-Day and the 2025 open at $93.3k, which is the gateway back to 6-figure Bitcoin,\u201d he concluded.
\nBTC\/USDT order book liquidity data. Source: Keith Alan\/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) price failed to hold its weekly open gains on April 10 as US stocks ignored positive inflation data.BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView Data from Cointelegraph Markets… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126903"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126903"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126903\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126903"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}